Question
Based on the bank balance sheet items below and a reserve requirement ratio of 0.1 percent, calculate the largest withdrawal that the bank can endure
Based on the bank balance sheet items below and a reserve requirement ratio of 0.1 percent, calculate the largest withdrawal that the bank can endure and still meet its reserve requirement without further adjustments to its balance sheet.Round your answer to the nearest dollar (meaning that an answer of 58 thousand dollars should be entered as 58000, not 58).
Assets Liabilities
Reserves $45 thousand Checkable deposits $103 thousand
Securities $99 thousand Nontransaction deposits $535 thousand
Loans $698 thousand Borrowings $5 thousand
Other assets $10 thousand
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